Over on Raedwald, we get the report that the crisis is now hitting Greek streets hard:

Greeks are starving. All 400 of the Orthodox Church’s districts have now set up soup kitchens as many unemployed Greeks have exhausted their £100 a week unemployment benefit and now have no income at all. The number living on the street has soared; perhaps bearable in the Summer, but Autumn is coming fast upon us. All the nation’s Sovereign wealth has gone to bailing out the banks.

There will be no “spectacular step” at the Justus Lipsius building on Thursday; just a “controlled process of gradual steps and measures”, she said with unflappable calm.

Mr. Evans-Pritchard puts this down to caution on Mrs. Merkels part: Given the simmering wrath from top to bottom of German society, it may be impossible for her to do much more.

But the Irish Times reports on some ‘sharp exchanges’ yesterday between the Irish Taoiseach Enda Kelly and Fianna Fáil leader Micheál Martin. The Irish Times repors:

Taoiseach Enda Kenny predicted that no final decision would be made to sort out the euro zone crisis at tomorrow’s emergency summit.

“It is a series of gradual steps and measures to be implemented,’’ he said.

Is that a coincidence or what? Two government leaders, one in Dublin, one in Berlin, quite independently of each other, making the same prediction in virtually the same wording.

Or is there something else at play here? Remember Juncker: You have to lie. Could it be that the ‘crisis’ is yet another manufactured ‘beneficial crisis’? That over the months, when Germany and Holland put on a tough face and Mrs Merkel and Mr. Sarkozy were playing out their lovers tiff in public, the EUrocrats have worked on the next stage of political integration in secret?

For all the doom and gloom (or slight feeling of elation, given the possibility of an imminent demise of the euro and the EUnion. It depends on who you ask) it would seem that the fix is already in. That the ‘colleagues’ have it all worked out already: A series of gradual steps that, when put together give you T.R.A.N.S.F.E.R. and U.N.I.O.N.

Mr. Evans-Pritchard quotes Gary Jenkins from Evolution Securities:

The chances are that the EU will only take the step of fiscal union or common bond issuance at one minute to midnight on a weekend when it is clear that the system is close to collapse.

I fear (and that is the only correct word in this context: fear) that Mr. Jenkins is wrong. That decision has evidently already been taken, with all of the finmins of all member states agreeing. It is now just waiting for a gradual implementation. Slowly, in a series of gradual steps, so as not to upset the citizenry. The next big betrayal has already been planned and awaits execution.

And as one after another the southern EUnion member states are going down, rest assured, we up here in the north, Dutch, German, British and Vikings alike, will have the privilege of paying, for generations to come, for the fraud, the larceny and the lies of the governing classes of Club Med and the EUnion. Brought to you by the fraud, the larceny and the lies of our own governing classes.

Back to the post by Raedwald. It seems that the banking sector is none the worse for wear. Despite the large number of new soup kitchen popping up on Greek streets:

Meanwhile figures just released show the bankers themselves in the UK have enjoyed a bumper year, with £14 billion in bonuses paid out to staff. That’s about £1,300 each for every single Greek citizen. Enjoy your champagne and coke, boys.

And rest ye assured, when that transfer union is finally complete, those scenes, from the impoverished Greek streets as well as from the bank board rooms, will repeat themselves in every single member state. In the name of a European utopia, we will be made to suffer continent-wide hardship.

Bankers, politicians and EUrocrats: we should execute the lot of them.

[UPDATE001] Succinct words from Golem XIV: One more European summit in which the defenceless will be sacrificed to protect the wealthy.

5 Responses to Already in?

Possible.But whatever the political trickery, fiscal union would only work by diverting, what, 10 % of Germany's wealth on a permanant, ongoing basis to support the southern deadbeats.Are even the Germans willing to put up with that on top of all their other burdens?.Most of the govt scum playing the game are skating on the thinest ice. Reality will get them sooner orv later.

If the EU is made responsible for all members economies, it follows that the EU must also have the political power to do so. It’s seems only a matter of time, before they are going to use the army for upholding that power.

Well, that is not exactly a policy recommendation. It is more of an expression of deep-seated frustration with the unfairness, the injustice of all of this. Actually, my contempt for these people is so complete I wouldn't want to waste the cost of the munition required on them. Round them up, take all of their ill-gotten gains, down to the last penny and let them live out their lives in the abject poverty they are so hell-bent on consigning *us* to.Who know? Maybe they'll learn and understand a thing or two.